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Thursday, November 01, 2012

New Standards of Fair Trade Commission - KBS

Is this a first step to a normalization of this insane and sick situation we have in entertainment? Let's hope so, but let's hope it won't have a backlash even worse than situation nowadays.
Also, if it wasn't for the world-shattering thing JYJ did, there would be no such talk around. Yet no one seems to voice their opinion and it looks as if only 3 men had problems with their company. And I believe it's the same situation everywhere, under every label, not only monster SMEnt.

Video:

[Transcription] 121031 JYJ, TVXQ and Kara mentioned on KBS News:

Nowadays, there are so many teenagers who want to be an entertainer.

However, as the popularity of the entertainers increase, so do the conflicts b/w them and their management companies.

Fair Trade Commission (FTC) recently released new standards of
exemplary trade between the entertainers and their management companies.

The 5 member group Dong Bang Shin Ki that enjoyed the most popularity
in its heyday eventually broke up into 2 groups after 3 members had
legal disputes about the periods of contract, profit sharing, and etc.,
so-called “Slave Contract”.

Kim Jaejoong: “I wish there will be a fair system that allows all entertainers to work under good conditions.”

Similarly, the group Kara went through a breakup crisis, where the
root of the controversy was a conflict with their management company
surrounding the unilateral contents of their contract.

So the key point of the new standards of exemplary trade released by
the Fair Trade Commission is to eliminate conflicts over unequal profit
sharing.

From this time onward, management companies must make financial
records available to any entertainer who demands it within a week and
must pay the money an entertainer earned within 45 days.

Also, the practice of having an entertainer appear in a TV show/movie
free of charge or without his or her consent is now banned.

Regarding teen and female entertainers, a separate policy of human rights protection must be made and shown (to FTC).

These new standards will also be used as an autonomous guideline for
solution of conflict in the event of conflicts between management
company and affiliated entertainer.

Additionally to prevent would-be entertainers from being swindled
information of entertainment management companies such as facilities,
personnel, financial position and etc. will be made available online.

Fair Trade Commission stated that from this time forward if
management company is caught committing any offense with relation to the
standard of exemplary trade, it will be strictly punished applying the
Fair Trade Law.